Take a seat in a Detroit-made electric car and drive south. The landscape of this city that was once the epitome of industrial decline recedes in the rearview mirror. Then head to Ohio, where the battery under your hood was made. The semiconductors that regulate its charging rate were made here, too, in a sprawling new factory that counts the Pentagon among its biggest customers. Fuel up with electricity from one of West Virginia’s newest nuclear power plants, and then begin a long journey through the center of the country. After the countless wind farms of Kansas, cross the large solar farms of Oklahoma, then take a detour to the Gulf of Mexico. The journey ends at the water’s edge, where the sun reflects off a brand new green hydrogen power plant.
This is the America of 2033, if the Biden administration has its way. Over the past two years, Congress has passed three infrastructure, semiconductor, and green technology bills that will unlock $2 trillion to redesign the economy. The idea is that, through public action, America has the means to reindustrialize its economy, strengthen national security, revive abandoned places, boost the morale of workers and dramatically reduce its CO2 emissions.2all at the same time.
It is the most ambitious industrial policy and manager that the country has offered over several decades. A huge bet by President Joe Biden on the transformation of America.
Investments and regulations
If Biden is on all fronts, it’s because he didn’t really have a choice. The only way to secure a majority in Congress was to combine the Democrats’ desire to act on climate change with the hawks’ concerns regarding the Chinese threat, while
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The Economist (London)
Great institution of the British press, The Economist, founded in 1843 by a Scottish hatter, is the bible for anyone interested in international affairs. Openly liberal, he generally defends free trade, globalization, immigration and cultural liberalism. It is printed in six countries, and 85% of its sales are outside the UK.
None of the articles are signed: a long-standing tradition that the weekly supports with the idea that “personality and the collective voice matter more than the individual identity of journalists”.
On the site of The Economist, in addition to the main articles of the journal, there are excellent thematic and geographical dossiers produced by The Economist Intelligence Unit, as well as multimedia content, of the blogs and the schedule of conferences organized by the newspaper around the world. As a bonus: the regular update of the main stock market prices.
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